Bitcoin Gold Price Up 8.1% This Week (BTG)

Bitcoin Gold (BTG) traded 0.7% higher against the dollar during the 24 hour period ending at 0:00 AM Eastern on October 18th. One Bitcoin Gold coin can now be bought for approximately $23.83 or 0.00034812 BTC on popular cryptocurrency exchanges. Bitcoin Gold has a total market cap of $417.44 million and $4.35 million worth of Bitcoin Gold was traded on exchanges in the last day. During the last seven days, Bitcoin Gold has traded 8.1% higher against the dollar.

Here is how other cryptocurrencies have performed during the last day:

• Zcash (ZEC) traded down 0.2% against the dollar and now trades at $35.76 or 0.00052235 BTC.
• Horizen (ZEN) traded up 0.7% against the dollar and now trades at $8.14 or 0.00011892 BTC.
• Pirate Chain (ARRR) traded 5.9% higher against the dollar and now trades at $0.18 or 0.00000263 BTC.
• Komodo (KMD) traded 3.4% higher against the dollar and now trades at $0.26 or 0.00000379 BTC.
• ZClassic (ZCL) traded up 6.9% against the dollar and now trades at $0.0577 or 0.00000084 BTC.

Bitcoin Gold Coin Profile

Bitcoin Gold is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It launched on October 25th, 2017. Bitcoin Gold’s total supply is 17,513,924 coins. Bitcoin Gold’s official Twitter account is @bitcoingold and its Facebook page is accessible here. The Reddit community for Bitcoin Gold is https://reddit.com/r/bitcoingoldhq and the currency’s Github account can be viewed here. Bitcoin Gold’s official website is bitcoingold.org. The official message board for Bitcoin Gold is forum.bitcoingold.org.

According to CryptoCompare, “Bitcoin Gold (BTG) is a digital currency that aims to decentralize the process of Bitcoin mining by utilizing GPU hardware, making it more accessible to a wider range of users. BTG is based on the original Bitcoin blockchain but incorporates a different mining algorithm, Equihash, to promote decentralization and prevent the concentration of mining power. BTG was created in 2017 as a fork of Bitcoin, and it maintains similar features such as a limited supply cap of 21 million coins. BTG can be used for peer-to-peer transactions, as well as for mining on GPU hardware to earn rewards for securing the network. BTG aims to provide a more decentralized and democratic approach to mining, empowering individual miners and promoting wider participation in the mining process.”

Buying and Selling Bitcoin Gold

It is usually not presently possible to purchase alternative cryptocurrencies such as Bitcoin Gold directly using U.S. dollars. Investors seeking to trade Bitcoin Gold should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Bitcoin Gold using one of the aforementioned exchanges.

BTG/USD price chart by TradingView